Economy
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Michael Pascoe: Negative gearing to change – it’s ‘the vibe’
“There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune” Continue reading »
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The costs of living and the price of death: Spare a thought for Gaza and Sudan
In response to questions about starvation in Gaza and Sudan, a Federal Labor MP has explained, ‘In Australia, the cost of living is the issue. It’s voters’ major concern, and a political priority.’ Continue reading »
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“Green” industries and Albo’s Venn diagram
The PM has announced a series of big-dollar programs to promote energy transition, “green” industries, local manufacturing and “critical” minerals. He is juggling themes that are not always consistent. The government needs to be prudent as it backs projects with taxpayers’ money. Continue reading »
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Capitalism is the single greatest source of violence
What the present moment reveals, once again, is that Western aggression during the “Cold War” was never about destroying socialism, as such. It was about destroying movements and governments in the periphery that sought economic sovereignty. Why? Because economic sovereignty in the periphery threatens capital accumulation in the core. Continue reading »
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Why conventional economic theory is wrong about technological change
Society as a whole has a critical interest in the direction of technological innovation. This cannot be left uniquely to a limited group of capitalist bosses. Consultation with all the key interest groups and government regulation have a critical role to play in ensuring future economic growth and a fair go for all. Continue reading »
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As we approach the Federal budget, whatever happened to ‘Measuring What Matters’?
With the federal budget just over three weeks away, researcher Chelsea Hunnisett has some pointed questions for the Albanese Government, including: what happened to plans for a wellbeing economy, and where is your commitment to intergenerational investment for health and wellbeing? Hunnisett is a Laureate PhD Candidate and Government Relations Specialist in the Planetary Health Continue reading »
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What does China’s electric vehicle rise mean for the global market?
Chinese smartphone maker Xiaomi recently unveiled its first electric vehicle (EV), the SU7, igniting a spark of excitement. At the launch event, Xiaomi’s founder and CEO Lei Jun, whose vision includes creating “a dream car on a par with Porsche and Tesla,” said that from design to batteries, intelligent driving to cockpit controls, the SU7 Continue reading »
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NDIS and Aged Care; from rights first to budget first
When she introduced the first NDIS legislation to the House of Representatives in 2012 Prime Minister Julia Gillard said it was to replace “A system that metes out support rationed by arbitrary budget allocations, not real human needs”. It was a radical break with other forms of welfare assistance because it put the human rights Continue reading »
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Sharing the benefits of technological progress
This is the first of three articles discussing how the benefits of technological progress are shared, and thus determine the distribution of income and influence our economic and social structures. This first article focuses on how these benefits have been shared historically. Continue reading »
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The notion of China as “uninvestable” is simply wrong
Despite challenges, including the lingering impacts of the COVID-19 pandemic and structural concerns, voices from within the business community underscore a robust economic outlook. Continue reading »
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XR blocking arteries of capitalism labelled “catastrophic inconvenience”
One month ago, three Extinction Rebellion protesters led by Deana ‘Violet’ Coco blocked the Westgate Bridge to deliver a desperate plea to all Australians. ‘Climate Breakdown has Begun.’ Continue reading »
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The guiding criminal lie in economics
A criminal is one who seriously breaks the law. By that measure Albanese, Dutton and most pollies across Australia are criminals together with their supporters. Continue reading »
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It will take hope, inspiration and action to save the earth
I see humanity as at the mouth of a very long, very dark tunnel. And right at the end of that tunnel, there’s a little star that’s hope. And it’s no good sitting at the mouth of the tunnel folding our arms and hoping that the star will come. Continue reading »
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Nuclear energy everywhere costs an arm and a leg
The contribution of nuclear power to electricity generation is the lowest for thirty years and its price twice that of renewables. Continue reading »
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AUKUS and military escalation – Who pays and who benefits?
On 12th March, IPAN ACT held a webinar in Canberra entitled AUKUS and Military Escalation – Who pays and who benefits? View the must-watch speeches from Alan Behm, Hugh White, Sue Wareham and Michelle Fahy below. Continue reading »
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US-China electric vehicle dispute shows old trade rules imperil climate action
“The climate crisis is too urgent for the U.S. or any country to allow outdated trade rules… to distract us from enacting bold climate policies,” argued one campaigner. Continue reading »
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Lunacy: Australia pays the US billions to “keep those Chinese at bay”
When Canberra told us we had to join the US in its cruel attempt to prevent a Vietnamese peasant army from overthrowing a US-armed Saigon government, some of us thought the politicians were plain stupid. Continue reading »
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America’s latest move to block China’s economic rise
US lawmakers have introduced a bill that would bar US mutual funds from investing in indexes that track Chinese stocks (Bloomberg). According to Bloomberg “The legislation targets mutual funds that invest in indexes tracking primarily Chinese stocks, rather than those investing in indexes that only include some Chinese companies, according to Sherman’s office. However, the Continue reading »
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Australia’s AUKUS tributes
Of course, at this time of rising living costs, economic uncertainty, and impending climate disaster, subsidising the British and American submarine construction industrial bases is the obvious priority. At least it seems that way to the Albanese government. Continue reading »
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Have we passed ‘Peak China’?
Saul Eslake, the renowned and independent economist, has updated his China chart pack which was last prepared in January 2023. The chart pack gives a bird’s eye view of the economic challenges China needs to address. By using the term ‘Peak China’, he does not mean that China will collapse, but that its future economic Continue reading »
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ASPI chief takes exception to being singled out by China
The director of the Australian Strategic Policy Institute, a lobby group for big tech and foreign agencies, claims that China’s alleged targeting of the agency “should be of concern to all Australians”. Continue reading »
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The impact of AI on the labour market and equality
In future AI is the new technology which is likely to have the greatest impact on our economy and our society. But how AI is used and developed is a choice, and so far AI has been predominantly focused on continuing the emphasis on automation. To realise the full potential of AI and minimise its Continue reading »
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China’s quiet energy revolution: the switch from nuclear to renewable energy
There is now a policy dispute about the roles of nuclear and renewable energy in future Australian low emission energy systems. The experience of China over more than a decade provides compelling evidence on how this debate will be resolved. In December 2011 China’s National Energy Administration announced that China would make nuclear energy the Continue reading »
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Everything Chinese is a national security threat to the United States
After the battles over 5G, social media and advanced microchips, Chinese electric cars are the new front line of US economic warfare. Continue reading »
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China warns foreign hackers are infiltrating ‘hundreds’ of business and government networks
Top spy agency urges Chinese citizens to step up cybersecurity as attacks by overseas agencies have been ‘rampant’ in recent years. The message comes as Beijing broadens scope of anti-espionage law to cover online attacks and prepares to expand penalties for data violations. Continue reading »
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Why are Liberals trashing relations with WA’s biggest export customer?
Andrew Hastie and Tony Abbott are trying to install a candidate in WA who has written a fictional book to scare people about a Chinese invasion of Australia. Continue reading »
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BYD says plug-in electrics will exceed 50 pct of new car sales in China in next 3 months
The CEO of BYD, the Chinese giant challenging Tesla as the world’s biggest electric vehicle maker, says sales of New Energy Vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), will make up more than half of all new cars sold in China within the next three months. Continue reading »
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Geopolitical grand larceny and its risks
One of the Ten Commandments says, with awkward bluntness: Thou Shalt Not Steal. Predictably, some are inclined to read certain qualifications in to this prohibition. As it happens, this sort of adaptive-thinking underpins arguments made in a recent article in the leading US journal, Foreign Policy. Continue reading »
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South Australia’s world-leading renewable transition is attracting flood of new industry
Will a grid based around wind and solar kill manufacturing and industry? It’s what the naysayers – the Coalition and conservative agitators – want you to believe, but the experience in South Australia, which leads the world in the uptake of wind and solar, proves the opposite. Continue reading »
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The campaign to destroy the GST
Australia’s system of GST distribution — despite some serious mutilation by WA — remains one of the most effective and fairest in the world. That’s why the NSW government wants to blow it up. Continue reading »